Finextra: Ecommerce fraud to exceed $100bn by 2029
A study from Juniper Research found that the money lost to online fraud will rise from $44bn in 2024 to $107bn in 2029, an increase of 141%.
Venture Beat: Nvidia just dropped a bombshell: Its new AI model is open, massive, and ready to rival GPT-4
NVIDIA has released a powerful open-source artificial intelligence model that competes with proprietary systems from industry leaders like OpenAI and Google.
New Scientist: Google says its AI designs chips better than humans – experts disagree
Google DeepMind says its artificial intelligence has helped design chips that are already being used in data centres and even smartphones.
New Atlas: Facial recognition data breach: Meta glasses extract info in real time
In what might be described as a real-life Black Mirror episode, a Harvard student uses facial recognition with Meta Ray-Ban 2 smart sunglasses – to dig up personal data on every face he sees in real time.
Finextra: Blackstone to build £10bn AI data centre in UK
Private equity giant Blackstone has confirmed a £10 billion investment in an AI data centre in the North East of England, creating around 4000 jobs.
Finextra: Firms struggling to find RoI for AI projects
According to recent research firms are struggling to find RoI for AI projects.
TechCrunch: Meta teases Orion, brain-powered true AR glasses in a tiny package
At Wednesday’s Meta Connect event, CEO Mark Zuckerberg announced Orion, which he described as “the most advanced glasses the world has ever seen.”
Finextra: Bank of England to form AI consortium
The Bank of England (BoE) is calling on financial services firms to join its artificial intelligence (AI) consortium designed to oversee the use of the technology within the sector.
CSO: Deepfakes break through as business threat
Deepfakes targeting enterprise financial data used to be a hypothetical concern, but that’s no longer the case, as criminal deepfakers now target more than a quarter of all companies, according to a recent survey.
efinancialcareers: JPMorgan paying $3k per week for 2025 interns in its hottest AI team
J.P. Morgan is paying $3k per week for 2025 interns in its hottest AI team.